Tags » Asset Protection

State Not Required to Treat Medicaid Applicant's Multiple Transfers as One Transaction

A Kentucky appeals court rules that a Medicaid applicant’s penalty period is appropriate because the state is not required to treat multiple transfers as a single transaction when the transfers are not related.  289 more words

Elder Law New York

What Does a Surviving Spouse Receive if Omitted from the Will?

  In my previous blog regarding lost wills, I discussed a client whose husband’s original will was lost. One discerning reader asked what happened to the client—wouldn’t she inherit everything from her husband anyway? 430 more words

Estate Planning

Financial State of Emergency Admitted: Italy Confiscating 20% of Bank Transfer Amounts

Banks in Italy have been ordered by the government to withhold a 20% “tax” on all inbound payments. This order has been put into force retroactively over a year ago. 96 more words

Asset Protection--Do the Paperwork

A basic strategy for asset protection is to hold various assets in different entities. Putting real estate, small businesses, and other assets into trusts, corporations, or limited liability companies (LLCs) is effective protection that is relatively easy to put into practice. 573 more words

Asset Protection

LTC Insurance Partnership Shows Signs of Life

This week, seemingly out of nowhere, the long awaited first blip of life for the long term care insurance public-private partnership appeared in the attached DHS memo. 268 more words

Medicaid

How To Avoid Four Common Estate and Elder Law Planning Mistakes

Although formulating an estate and long term care plan is an important step towards financial security, many people fail to have even the most basic plan and advanced directives. 593 more words

Asset Protection Planning